Wednesday, March 15, 2017

SA article: MeetMe: That Hurts

Please see also:
MeetMe Announces Proposed Public Offering Of Common Stock

The decision comes after MeetMe announced the acquisition of if(we) for USD 60 Million.
MeetMe is funding the acquisition with a USD 30 Million loan from J.P. Morgan Chase, along with “cash on hand and cash from operations”.

MeetMe's 2016 Q4 and FY 2016 earnings conference call.

MeetMe to acquire if(we) for USD 60 Million in cash?
Crazy !!!
 if(we) == Tagged and Hi5? I thought they were dead since years!
Weak point of MeetMe as October 2016: Revenue from MeetMe (MEET) comes mainly (94%+) from Advertisement, not subscriptions.

The future of mobile is desktop!

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